There are always crises but we always seem to pull through.
My dad told me that during the Cuban missile crises people would go to bed at night fearing that they may not wake up in the morning. We're still here though.
This might help explain UK national debt.
http://www.economicshelp.org/blog/33...national-debt/
The indicators show that the housing market is beginning to pick up, even outside London, where there was little impact from the crash in 2007.
http://www.bbc.co.uk/news/business-21681511
Mortgage rates are at an all-time low. You can get a 5 year fixed rate of 2.79% fee free with a 40% deposit. Even first time buyers can get 2 year fixed rates for under 3.75% with a 10% deposit.
The retail chains that have fallen have, to a large part, been masters of their own demise. It's not just due to supermarkets but on-line retailers, especially those that don't pay Corporation Tax, and out-of-town retail parks.
Blockbusters, HMV, Jessops, Woolworths, Comet etc have been failures-in-waiting.
Times, technology and the way that people shop have changed but these companies haven't reacted sufficiently to those changes. Adapt or die.
The estimate is that by 2015 more that £40 billion will be spent over the internet or mobile phones.
A large amount of that is money that would otherwise have been spent in the High Streets. We have to accept that has a knock-on effect and that High Streets, as we know them, will never be the same.
Employment/unemployment figures are encouraging and have been showing month on month employment over the last year.
The employment rate of 71% is the highest since records began in 1971. Unemployment is 7.7% compared to 11.9% in the eurozone. France (eurozone's second largest economy) has 10.6% unemployment whilst Italy (third largest) is 11.7%. Germany has 5.3%.
Of course there are some on here who have their own political agenda and will 'rubbish' these figures but, whilst we are in a mess, it's not as bad as some will have you believe.
Certainly not the end of Britain.